Bankers Trust New York Corp.

Company Deal

3,000,000 shares $2.50 preferred stock series A

Transaction Type

Preferred Stock

Deal Description

The net proceeds of this transaction, estimated at $65 million, were applied to additional equity capital investment in Bankers Trust New York Corporation by contribution to capital. The balance was added to the funds of the corporation and used for general corporate purposes. Bankers used the funds invested as a capital base to support growth in loans and deposits.